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Business, 04.01.2020 05:31 silasjob09

Alex wrecked his car and received $22,000 from the insurance company to replace it. his basis in the car was $20,000 and he spent $15,000 on a replacement vehicle. what is the amount of the recognized gain?

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Alex wrecked his car and received $22,000 from the insurance company to replace it. his basis in the...
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